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Apr 11, 2019 03:34 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex ends flat after a rangebound session, Nifty tad below 11,600; Vedanta top loser

Among the sectors, metal index falls 1 percent followed by IT, pharma and bank, while auto and FMCG are trading with marginal gains.

  • Apr 11, 03:38 PM (IST)

    Market Closing

    Benchmark indices ended flat after a rangebound session on April 11 as traders remained cautious ahead of TCS & Infosys earnings scheduled to be announced tomorrow.

    The 30-share BSE Sensex rose 21.66 points to 38,607.01 and the Nifty50 gained 12.40 points at 11,596.70. The market breadth remained in favour of bears as about 1,325 shares declined against 1,153 advancing shares on the BSE.

    Indiabulls Housing Finance, Bajaj Finserv, Bharti Airtel, Bajaj Auto and Dr Reddy's Labs were gainers while Infosys, TCS, Vedanta, Sun Pharma, Power Grid, Tech Mahindra were losers among Nifty50 stocks.

    Manappuram Finance, HDFC Life, ICICI Prudential, Rain Industries, CG Power, Tata Global, Adani Power and Tata Power were midcap gainers while Reliance Naval, Edelweiss Financial, Jubilant Foodworks and DLF lost 2-7 percent.

  • Apr 11, 03:22 PM (IST)

    Essel Group in Focus

    Essel Group said the repayment along with interest will be made to each & every lender as per the agreed timeline of September 2019, reports CNBC-TV18.

    "We cannot comment on arrangement between Kotak Mahindra AMC & its investors, but remain committed to achieve the resolution," the group said.

    Essel Group issued statement on repayment to lenders. Kotak Mahindra AMC is one of the lenders of the group.

  • Apr 11, 02:55 PM (IST)

    Just In

    Ageas UK selects TCS as strategic partner for digital core transformation.

  • Apr 11, 02:39 PM (IST)

    Technology Stocks Under Pressure Ahead of TCS, Infosys Earnings:

    Technology stocks fell for second consecutive session with the Nifty IT index falling more than half a percent as traders remained cautious ahead of Infosys and TCS' March quarter earnings on April 12.

    Country's largest IT companies TCS and Infosys are likely to report dollar revenue growth for the quarter at around 2-2.5 percent QoQ.

     Technology Stocks Under Pressure Ahead of TCS, Infosys Earnings : 

 Technology stocks fell for second consecutive session with the Nifty IT index falling more than half a percent as traders remained cautious ahead of Infosys and TCS' March quarter earnings on April 12. 

 Country's largest IT companies TCS and Infosys are likely to report dollar revenue growth for the quarter at around 2-2.5 percent QoQ.
  • Apr 11, 02:29 PM (IST)

    Vedanta-led Cairn India CEO, CFO quit firm

    Cairn India chief executive Sudhir Mathur has resigned from the company, the fourth CEO to quit the firm since it was taken over by mining billionaire Anil Agarwal-led Vedanta Group seven years back.

    Along with Mathur, Pankaj Kalra, the chief financial officer of Cairn India, which is now a part of Vedanta Ltd after its merger with the parent, has also resigned, sources privy to the development said. (Source: PTI)

  • Apr 11, 02:12 PM (IST)

    Market Update: Benchmark indices are trading lower in the afternoon session with Nifty below 11,600 level.

    At 14:11 hrs IST, the Sensex is down 73.64 points at 38511.71, while the Nifty down 22.50 points at 11561.80. About 1017 shares have advanced, 1295 shares declined, and 156 shares are unchanged. 

  • Apr 11, 01:56 PM (IST)

    Eurotex Industries informed that due to frequent labour problems during the past few years, the production in the Plant E-23 is stopped for the time being.

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